Key Takeaways
- • Blackstone, described in the source as the world's largest alternative asset management company, has opened a new office in the Dubai International Financial Centre, its second office in the UAE.
- • The office will serve as a regional hub for Blackstone Private Wealth Management, expanding its presence across the Gulf Cooperation Council (GCC) countries.
- • Blackstone Private Wealth Management reports it has built relationships with more than 40 entities in the region.
- • The expansion is intended to broaden investor access to alternative investment opportunities in the GCC, supported by partnerships with a number of leading regional banks.
Summary
Blackstone has announced the opening of a new office in the Dubai International Financial Centre (DIFC), according to a report published by Emirates Voice (Sawt Al Emarat) and based on a Blackstone announcement distributed via WAM. The office is the company's second in the United Arab Emirates and is aimed at expanding Blackstone's footprint across the Gulf Cooperation Council countries while strengthening its private wealth management business.
The new DIFC office will function as a regional hub for Blackstone Private Wealth Management. The source states that the hub is supported by the firm's partnerships with a number of leading banks in the region, and is designed to support the division's growth plans and expand investors' access to alternative investment opportunities across the GCC.
The source notes that Blackstone Private Wealth Management has built relationships with more than 40 entities in the region. The DIFC office is expected to support the continued growth of the business in GCC markets. The source article does not disclose headcount, assets under management, or financial terms related to the office.
The new DIFC office will function as a regional hub for Blackstone Private Wealth Management. The source states that the hub is supported by the firm's partnerships with a number of leading banks in the region, and is designed to support the division's growth plans and expand investors' access to alternative investment opportunities across the GCC.
The source notes that Blackstone Private Wealth Management has built relationships with more than 40 entities in the region. The DIFC office is expected to support the continued growth of the business in GCC markets. The source article does not disclose headcount, assets under management, or financial terms related to the office.
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